Steamboat Capital Partners LLC Has $13.28 Million Stake in Aercap Holdings N.V. $AER

Key Points

• Steamboat Capital Partners LLC increased its stake in Aercap Holdings N.V. by 35.5% during the first quarter, now holding 130,000 shares, making Aercap its 7th largest position.
• Aercap recently reported earnings of $2.83 per share, surpassing expectations, though its quarterly revenue fell 3.6% year-over-year to $1.89 billion.
• The company announced a quarterly dividend of $0.27 per share, with a dividend yield of 0.9%, set to be paid on September 4th.

Steamboat Capital Partners LLC lifted its position in shares of Aercap Holdings N.V. (NYSE:AER - Free Report) by 35.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,000 shares of the financial services provider's stock after buying an additional 34,048 shares during the period. Aercap comprises 4.0% of Steamboat Capital Partners LLC's investment portfolio, making the stock its 7th largest position. Steamboat Capital Partners LLC owned 0.07% of Aercap worth $13,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. First Trust Advisors LP increased its position in shares of Aercap by 18.2% during the fourth quarter. First Trust Advisors LP now owns 5,478 shares of the financial services provider's stock valued at $524,000 after buying an additional 842 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Aercap by 11,446.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,002 shares of the financial services provider's stock valued at $287,000 after buying an additional 2,976 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Aercap during the fourth quarter valued at about $213,000. The Manufacturers Life Insurance Company increased its position in shares of Aercap by 2.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 70,818 shares of the financial services provider's stock valued at $6,777,000 after buying an additional 1,407 shares during the period. Finally, Northern Trust Corp increased its position in shares of Aercap by 90.9% during the fourth quarter. Northern Trust Corp now owns 1,396,937 shares of the financial services provider's stock valued at $133,687,000 after buying an additional 664,990 shares during the period. Hedge funds and other institutional investors own 96.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AER shares. Barclays lifted their price target on Aercap from $115.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Susquehanna lifted their price target on Aercap from $130.00 to $134.00 and gave the company a "positive" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley lifted their price target on Aercap from $111.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.57.

Aercap Stock Down 0.2%

Shares of AER stock traded down $0.27 during mid-day trading on Wednesday, hitting $124.15. The company's stock had a trading volume of 1,902,616 shares, compared to its average volume of 1,644,526. Aercap Holdings N.V. has a 52-week low of $85.57 and a 52-week high of $125.08. The business has a 50-day moving average price of $114.94 and a 200 day moving average price of $108.70. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $23.19 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 2.47 and a beta of 1.46.

Aercap (NYSE:AER - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $2.83 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $2.03 billion. Aercap had a return on equity of 13.13% and a net margin of 36.93%.Aercap's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.01 earnings per share. Aercap has set its FY 2025 guidance at 11.600-11.600 EPS. Research analysts predict that Aercap Holdings N.V. will post 11.29 EPS for the current fiscal year.

Aercap Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. Aercap's payout ratio is 6.72%.

About Aercap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.